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20120926
20121004
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CBS
Sep 27, 2012 12:00pm PDT
questions. >> hundreds of campbell's soup employees in sacramento will be out of a job this time next year. declining profits forced the n.j.-based company to close two factories here. the sacramento plant will shut down for good by next summer leaving nearly 700 people jobless. the factory had the highest production costs in their network. >> while the business case was very compelling, it is a difficult decision when you impact the lives of employees. >> there are always rumors but there is never anything that was certain, but today a kind of laid on people's hearts. >> their operation in stockton and bakersfield will not be affected. >> preparations for the america's cup preliminary is already under way but as the venue is not ready for the regatta in march than the city may be facing penalties. ann mackovic is in san fransisco with how much money we're talking about and how much money is that? >> up to $10 million. if you have been all along the embarcadero any time recently you have seen construction sites like the one year behind may, and now the america's cup organizers and the city
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